HOUSTON, Aug. 31 /PRNewswire/ -- In one of the nation's most challenging and competitive student housing markets, College Station, Texas, Asset Campus Housing (ACH) continues to see growth with the recent addition of two new management assignments while successfully leasing their other College Station properties.
ACH's presence in the market place is over 4,000 beds, making ACH the largest off campus student housing provider in College Station, Texas. In a market where 2,900+ beds have been added to the housing supply over the past two years, ACH outperforms competitors by achieving occupancy levels above 97% on the facilities it operates.
The success in College Station, Texas is the result of ACH's operating philosophy of a low supervisory ratio combined with a creative, resourceful internal marketing department. Two of ACH's most recent management assignments in this market greatly benefited from their boutique-style property management approach by allowing the operating team to primarily focus on the operations and the marketing team to be strictly geared to marketing and the re-positioning of the assets within the market place.
Upon takeovers, with less than 60 days remaining in the leasing season, the ACH team dramatically increased the 2010 fall preleasing percentage from 41% to 97% in the new 400+ bed assignment and 52% to 94% in the 800+ bed assignment.
With over 8 years of student housing management experience in College Station, ACH is especially familiar with the market place and has established a well known reputation for exceeding resident expectations as seen with this year's leasing success.
Headquartered in Houston, Texas, ACH is an affiliate of Houston-based Asset Plus Companies, a third party property management firm specializing in real estate services for investors, developers, and owners. ACH manages a student housing portfolio of 50+ properties, exceeding 30,000 beds located throughout the United States.
SOURCE Asset Campus Housing